Akzo Nobel N.V. (AKZA; AKZOY) has completed the acquisition of Colombia-based paints and coatings company Grupo Orbis, strengthening its long-term position in Latin America. Present in ten countries in Central America, South America and the Antilles, Grupo Orbis has consolidated revenue of around €360 million. The transaction includes the Pintuco paints and coatings business, Andercol and Poliquim (resins, emulsions, adhesives and specialty chemicals), Mundial (paints and related product distribution services) and … Continue reading AkzoNobel completes Grupo Orbis acquisition to boost investment in growth in Latin America

Synthomer plc (“Synthomer” or the “Company“) announced that it has now completed the $1bn acquisition of Eastman’s Adhesive Resins business. The acquired business will form a new division within Synthomer called Adhesive Technologies. It has a leading position in the global adhesives market which is exposed to attractive end-markets with resilient GDP+ growth fundamentals. Furthermore, Synthomer now has an expanded geographic footprint, increased R&D capability … Continue reading Synthomer to complete the $1bn acquisition of Eastman’s Adhesive Resins business

Eastman Chemical Company announced that it and certain of its subsidiaries have completed the previously reported sale of its adhesives resins business to Synthomer plc. The sale included the hydrocarbon resins (including Eastman Impera tire resins), pure monomer resins, polyolefin polymers, rosins and dispersions, and oleochemical and fatty-acid based resins product lines, all of which were previously part of Eastman’s Additives & Functional Products segment.  The … Continue reading Eastman Completes Sale of Adhesives Resins Business

Hexion Holdings Corporation (“Hexion” or the “Company”) announced that it has completed the sale of its epoxy-based Coatings and Composite businesses, which includes the epoxy specialty resins and base epoxy resins and intermediates product lines (together, the “Epoxy Business”) for approximately $1.2 billion to Westlake Chemical Corporation (NYSE: WLK). Commenting on the transaction, Craig Rogerson, Chairman, President and Chief Executive Officer, said: “We are pleased … Continue reading Hexion Holdings Completes Sale of Epoxy Businesses to Westlake Chemical for approximately $1.2 billion

American Colors Inc. of Sandusky, Ohio, announced the acquisition of Colorificio Migliavacca of Bergamo, Italy. American Colors reports that the strategic location is a fundamental part of the company’s expansion strategy to support and gain market presence in Europe. “We have been searching for the right partner in Europe and we have found that in Colorificio Migliavacca. We are excited that they have decided to … Continue reading American Colors Acquires Color Dispersions Manufacturer in Italy

Cromology today announced that its sale to DuluxGroup Limited (DGL) – the market leading decorative paints and coatings company in Australia and New Zealand which is wholly owned by world’s fourth largest and fastest growing paint company Nippon Paint Group (NPG) – is now officially complete. The sale follows the announcement in October last year that Cromology’s former owners Wendel Group had entered into an … Continue reading Cromology joined world’s fourth largest paint company, Nippon Paint Group

Purchase of JSR Corporation’s remaining 30 percent share in the joint venture Japan Fine Coatings Co., Ltd. Business activities including production and R&D in Japan to be continued Fiber optical market with strong potential due to 5G roll-out As of January 14, 2022, Covestro is now the sole owner of Japan Fine Coatings Co., Ltd. (JFC), previously managed as a joint venture (JV) with JSR … Continue reading Covestro becomes sole owner of Japan Fine Coatings Co., Ltd.

PPG announced that it will invest more than $10 million (9 million euros) to expand production of automotive original equipment manufacturer (OEM) coatings at its site in Weingarten, Germany. Expected to be complete in the second quarter 2022, PPG is constructing a 10,000 square foot addition to its existing facility with a capacity to produce more than 5,000 metric tons of waterborne basecoats per year. … Continue reading PPG Invests $10 Million to Expand Automotive OEM Coatings Production in Germany

BASF has reached an agreement to divest its manufacturing site in Quincy, Florida and the associated attapulgite business for a purchase price of US$60 million to Clariant. The Quincy mining facility employs around 75 employees and manufactures clay-based mineral products used in a variety of industrial applications. BASF’s attapulgite business generated sales of approximately US$36 million in 2020. The transaction is expected to close in the summer of … Continue reading BASF to reach agreement to divest its site in Quincy, Florida to Clariant | Attapulgite business for a purchase price of US$60 million to Clariant

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Cabot Corporation announced that it has entered a definitive agreement to acquire Tokai Carbon (Tianjin) Co., Ltdfrom Tokai Carbon Group for $9 million, subject to customary closing adjustments. The carbon black manufacturing facility was commissioned in 2006 and is located in close proximity to Cabot’s current carbon black and specialty compounds facility in Tianjin, China. The acquisition is expected to support the growth of Cabot’s … Continue reading Cabot to Announce Acquisition of Carbon Black Plant in China